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  • Moderate to heavy rains lashed several areas of the district under the influence of the North-East Monsoon for the second consecutive day on Thursday. The highest rainfall of 37.8 mm was recorded in Pinapaka mandal in the last 24 hours ending 8 a.m. on Thursday. Heavy rainfall was also recorded in Venkatapuram, Bonakal, Mudigonda, Yerrupalem and a few other mandals. Drains overflow Incessant rain led to overflowing of drains in many low-lying areas in Khammam town causing severe hardshi
  • Analysts believe that once joining the Trans Pacific Strategic Economic Partnership (TPP) agreement, Vietnam would have the opportunity to become one of the three biggest textiles and garments centers in the world. With considerable progress made at the last TPP negotiation round, all the parties keep a hope that the negotiations would finish by the end of the year, because all of them can see the big benefits from the agreement once it is signed. Vietnam is believed to be the biggest benefic
  • Cotton output in India is expected to increase 7 percent year-on-year and reach 38.1 million bales of 170 kg each, in the 2013-14 harvest period, which began from October, due to increased yields owing to better rains in the monsoon season. According to the Cotton Association of India (CAI), even though late rains have delayed arrivals of cotton, the available moisture is likely to help increase yields, reports Hindu Business Line quoting PTI. If the monsoon withdraws during the coming day
  • Three years after the workers of the Sagada Weaving organized themselves into a union, they are now facing harassment and intimidation from the employer leading to dismissal. As of press time, five workers who are members of the Sagada Weaving Workers Union (SWWU) were indirectly dismissed from their jobs. Agnes Capuyan, SWWU vice president, was the first to leave the company five months ago due to emotional and psychological stress. As recounted by the members of the union during a group
  • Novatek, Russia's No.2 natural gas producer, is lobbying for a lower duty on exports of naphtha, a company spokesman said, in a move to help reduce its growing inventories at a new refining complex. Novatek and petrochemical company Sibur started operating an oil product refining and terminal complex at the Baltic port of Ust-Luga in June, with plans to initially produce 2 million tonnes of naphtha and some 800,000 tonnes of kerosene and diesel a year. In the third quarter alone, Novatek
  • Since the government implemented the cotton purchasing and storage system three years ago, China's cotton industry has come to a crossroads as domestic cotton prices remain much higher than those in the international market, the Beijing-based Economic Observer reports. The nation's cotton industry production costs for raw cotton materials are too high, while demand is not strong, said Cai Min, vice president of Weiqiao Textile. In Shangdong's Dezhou and Wucheng, many cotton and textile en
  • Polskie Górnictwo Naftowe i Gazownictwo SA has plans to increase production of crude oil in 2014 to 1.19 million tonnes, PGNiG said on October 17. According to the updated forecast for 2013, production is expected to more than double relative to 2012 - with up to 1.09 million tonnes (about 8 million barrels) extracted in 2013, compared with 492 thousand tonnes (about 3.6 million barrels) in 2012. Such growth will be attributable mainly to foreign production, which in 2013 will reach 310 thousand
  • On account of increase in global demand, apparel exports from country has shown a positive growth of almost 13 percent in last six months, Chairman of Apparel Export Promotion Council (AEPC), Dr. A. Sakhtivel said on Monday. "From the last six months apparel exports are recording the positive growth of almost 13 percent," Sakhtivel said a Workshop of Expert Working Group on Content Development and Training Strategy for effective implementation of DISHA AEPC-CCC at Apparel House, Gurgaon. "
  • The volume of Japan’s customs-cleared crude oil imports fell 19.3 percent in September from a year ago, marking the sharpest decline in 11 months, while LNG and coal imports also fell, reflecting sluggish power demand. Japan imported 3.52 million barrels per day (16.789 million kiloliters) of crude oil last month, preliminary data from the ministry showed, the Ministry of Finance said. That marks the sharpest year-on-year decline since a 24.5 percent fall recorded in October 2012, a mini
  • Garment industry, Cambodia's largest income earner, reported a 22-percent increase in exports in the first nine months of 2013, showed the data of the Ministry of Commerce released on Tuesday. During the January-September period this year, the country had exported garment products in equivalent to $4.2 billion, up 22 percent from the $3.44 billion over the same period last year, the data said. Cambodian apparels are mostly sold to the United States and European countries, with some to Can
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